Comcast's steep broadband subscriber losses take shine off strong studio performance
Comcast reported a steep decline in broadband subscribers for the fourth quarter on Thursday on competition from telecom firms that have been bundling 5G mobile services with internet plans, sending its shares about 11% lower.
Comcast Shares Tumble as Broadband-Subscriber Losses Widen
Comcast Corp. shares fell as much as 9.9% to their lowest in more than two years after the company reported fourth-quarter revenue and profit that beat Wall Street’s expectations but subscriber losses in its broadband unit raised concerns among investors.
Comcast stock sinks as Peacock fails to add more subscribers, broadband losses disappoint
Comcast stock fell double digits on Thursday after the company reported a bigger-than-expected drop in broadband customers and failed to add more subscribers to its Peacock streaming service.
Comcast’s earnings beat offset by continued subscriber losses
Comcast Corp.’s stock fell 1.9% early Thursday, after the cable company’s fourth-quarter earnings topped estimates but it continued to shed subscribers at its domestic broadband business. The company had per-share earnings of $1.
Comcast Handily Beats Wall Street's Q4 Forecasts; ‘Wicked' Provides Boost, Peacock Trims Losses; Stock Slumps On Broadband Losses – Update
D with stock decline. Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates, but its shares slumped due to declines in its broadband business. Revenue of $31.9 billion topped the Street’s expectations for $31.
Comcast's Q4 Profit Boosted by ‘Wicked,' Peacock
Comcast said fourth quarter profit surged as the company saw good results at its mobile business, at the box office and at ...
Philadelphia 76ers strike deal with Comcast, will remain in South Philadelphia: reports
After all the controversy regarding a new arena in Center City, the Philadelphia 76ers are reportedly staying in South Philadelphia. The Sixers have reportedly agreed to a deal with Comcast Spectacor ...
Comcast: Q4 Earnings Snapshot
Comcast Corp. (CMCSA) on Thursday reported fourth-quarter profit of $4.78 billion. On a per-share basis, the Philadelphia-based company said it had profit of $1.
Comcast Raises Dividend by 6.5%, Sets New $15 Billion Buyback
Comcast's board has raised the cable giant's quarterly dividend by 6.5%, to 33 cents from 31 cents, and approved a new $15 billion share-repurchase program. The new payout, equal to $1.32 a year, ...
Comcast: Buy Rating Maintained Despite Challenges Due to Undervaluation and Potential Strategic Moves
Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Comcast (CMCSA – Research Report) yesterday and set a price target of ...
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Comcast and Apple Unveil New Integrated Viewing Experience for MLS Season Pass
To celebrate the start of the 2025 season and the launch of the new viewing experience, Xfinity will offer all customers a ...
Comcast's new low-latency internet is literally game-changing, and these cities will get it first
Laggy internet might be a thing of the past, at least for Comcast customers. In a press release today, the company introduced ...
Positive Outlook for Comcast: Growth Potential Amidst Challenges
Gregory Williams, an analyst from TD Cowen, maintained the Buy rating on Comcast (CMCSA – Research Report). The associated price target was ...
Comcast Teams With NVIDIA, Meta, And Valve On Game-Changing Low Lag Internet
The implementation of a new IETF standard could mean a huge reduction in network latency and packet loss for Xfinity ...
Comcast Sales, Profit Beat as ‘Wicked’ Lifts Film Studio
Comcast Corp. reported fourth-quarter revenue and profit that beat Wall Street’s expectations thanks to big gains for its ...